If you have read the content for some time generated by us here at Cherokee Media Group, you might already know of my great affinity and respect for repossession agents. Rightfully so, much of our material highlights the exciting parts of the industry, such as digital retailing and financing, as well as the latest technology […] [Read More]

Consumer Portfolio Services is quite impressed with performances by independent auctions. In fact, independent auctions swept all categories, as the subprime auto finance company announced its 2020 Auction Award recipients. Three of the four accolades went to Rawls Auto Auction, which earned honors in all three categories for the large CPS volume auctions. Rawls has […] [Read More]

HGreg.com showed again on Wednesday why it’s one of the fastest-growing automotive groups in North America. The company announced that it has acquired Buena Park Nissan and Puente Hills Nissan, two established retailers located in the greater Los Angeles area. According to a news release, the total value of the investment, including a robust inventory […] [Read More]

After being named a finalist in three categories, Tresl claimed a pair of honors in the US FINTECH Awards program, presented by FinTech Intel. During the pre-recorded US Fintech Awards ceremony held last week, the web-based platform for buying and selling vehicles was named the recipient as the Employer of the Year, while marketing manager […] [Read More]

In what the companies are calling an all-stock merger of equals, RateGenius Loan Services and AUTOPAY Direct announced on Tuesday that they have entered into an agreement to combine. According to a news release, the transaction, which is expected to close within the next 60 days, has been unanimously approved by the board of directors […] [Read More]

Toyota doesn’t want to just place vehicle buyers into Camrys and RAV4s at its franchised dealerships. The automaker also is looking help their customers secure the necessary insurance for those vehicles right there at the Toyota store, too. And the OEM took a significant step toward that objective recently, as Toyota Insurance Management Solutions (TIMS) […] [Read More]

Say this for Scott Painter: the entrepreneur can build relationships. After assembling an association with Westlake Financial in December involving a $400 million credit facility, the latest company Painter founded NXCR — a fintech and insurtech vehicle subscription platform — now has a strategic alliance J.D. Power, a global leader in data analytics and consumer […] [Read More]

KAR Global said Tuesday it has purchased Auction Frontier, the developer of the Velocicast cloud-based auction simulcast solution. And here’s the kicker: Not only does Velocicast power KAR’s own ADESA Simulcast and Simulcast+ platforms, it also provides the technology behind the simulcast sales of more than 300 wholesale and retail auctions throughout North America and […] [Read More]

Vroom, which has delivered in the Chicago and Los Angeles areas since its 2012 founding, has opened new hubs in those cities. Vroom, an e-commerce platform for buying and selling used vehicles, said that in the Windy City, it is also offering a more customized driveway experience for 4.7 million people in 420 ZIP codes within […] [Read More]

As digital-first experiences take the spotlight and consumers increasingly seek reviews about how businesses are handling pandemic-related health and safety concerns,  Cars.com said 10 million car buyers have now left reviews for dealers on its platform. The milestone comes as 38% of consumers report they read more reviews because of COVID-19, according to a DealerRater […] [Read More]